The Tradr 2X Long QBTS Daily ETF (QBTX) is an exchange-traded fund designed to deliver two times (2x) the daily performance of D-Wave Quantum Inc. (QBTS) stock. The ETF is managed by Tradr ETFs and trades under the ticker QBTX on the NYSE Arca.

Classified as a leveraged single-stock ETF, the fund uses financial derivatives to provide amplified exposure to D-Wave Quantum shares. Its strategy enables investors to gain leveraged daily exposure to a company focused on quantum computing without directly trading derivatives.

The ETF follows an active management approach and seeks to deliver 200% of the daily return of D-Wave Quantum stock, before fees and expenses. Because its objective is measured on a daily basis, returns over periods longer than one day may differ significantly from twice the stock's cumulative return due to the effects of compounding.

Diversification and sector exposure

QBTX provides exposure primarily associated with:

• D-Wave Quantum.

• Quantum computing.

• Technology.

• High-performance computing.

• Artificial intelligence.

• Leveraged strategies.

• Derivatives.

• Single-stock exposure.

Because the fund is tied to a single company, its portfolio is highly concentrated and its performance depends directly on movements in D-Wave Quantum shares. The ETF seeks to provide leveraged exposure to the company's daily stock performance and may experience significant volatility.

Structure and costs

QBTX shares trade on the secondary market on the NYSE Arca during regular trading hours. Share creation and redemption occur through authorized participants, a mechanism intended to help align the ETF's market price with its net asset value (NAV).

The fund uses swaps and other derivatives to obtain leveraged exposure to D-Wave Quantum shares, rebalancing its portfolio daily to maintain its investment objective. The ETF charges a management fee as outlined in its prospectus and does not apply a performance fee.

History and evolution of the ETF

The Tradr 2X Long QBTS Daily ETF was launched in 2025 as part of the expansion of Tradr ETFs' leveraged single-stock product lineup. Since inception, the fund has provided investors with a way to amplify daily exposure to D-Wave Quantum, a company specializing in quantum computing solutions.

In recent years, growing interest in artificial intelligence, quantum computing, and high-performance computing has drawn increased attention to companies in the sector, contributing to higher volatility and stronger demand for leveraged ETFs linked to these businesses.

Additional Information

Tradr 2X Long QBTS Daily ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $86.21 million.

Over the past 12 months, Tradr 2X Long QBTS Daily ETF recorded a return of -67.48%, with its price trading between $6.47 and $474.77 during the same period.

The ETF is traded under the ticker QBTX.